Belize International Business Company (IBC) Formation

Located on the Caribbean Sea in mainland Central America with Mexico to the North and Guatemala to the South and West, Belize is one of the most popular offshore options. Belize IBC’s are often used for a variety of tax planning and international investment purposes.

Belize is a world pioneer of offshore business formations and one of the most secure. Despite immense pressure, Belize has successfully refused to sign agreements with the USA, to share information under different proposed treaties. They remain firm in this and are committed to protect against disclosure of financial, offshore banking and tax information for its non-resident customers.

Retaining sovereignty over its offshore jurisdiction, is key and having a comprehensive supportive legal framework, affords it to have some of the most flexible corporate requirements. Coupled with their low start-up costs, company confidentiality and company structure flexibility, makes it a desired option for formation.

Belize has however signed Tax Information Exchange Agreements with the following countries: Australia, Belgium, Denmark, Faroe Islands, Finland, France, Greenland, Iceland, India, Ireland, Mexico, Netherlands, Norway, Poland, Portugal, South Africa, Sweden, and United Kingdom.

  • Fast Incorporation
  • Anonymity and Confidentiality – Conducting business without using your name
  • Minimum number of directors is one
  • Corporate directors and shareholders are permitted
  • Exemption from taxes on income and dividends
  • Exemption from Local Stamp Duty
  • Asset security
  • Flexible Currency Holding
  • No statutory requirement to hold Annual General Meetings
  • No reporting or accounting requirements
  • No foreign information-exchange agreements
  • One of the most secure and confidential offshore jurisdiction in the world
  • Tax Planning and Asset Protection Company
  • International Financing and Investment
  • Real Estate Holding Company
  • Financial Management
  • General Commercial Trading

A Belize IBC is restricted from conducting business with residents of Belize or business activities in real estate. They also prohibit holding shares, stock or debt obligations or any other securities in a Belize Local company. There is also restrictions on issuing shares, stock or engaging in debt obligations or any other securities to any natural persons in Belize.

A few of the requirements are filing of a Memorandum and Articles of Association, along with the name and address of the Registered Agent. The Registered Agent is responsible for delivery of the Memorandum and Articles of Association to the Registry, along with the appropriate fee.

Overview
Company TypeIBC
Country LawEnglish Common Law
Company Law

International Business Companies Act of 1990

Registered Office RequiredYes
Local Registered Agent RequiredYes
Shelf Companies PermittedYes
Migration Of DomicileYes
Average Time To Form Company1 to 2 Business Working Days
Government Fees
Minimum Government Formation Charge$100 USD
Recurring Minimum Annual Company License Fee$100 - $1000 USD
Annual Return Filing FeeNot Applicable
IBC With Some or All No Par Shares - Annual Fee$350 USD
Corporate Tax
Corporation TaxNo
Access to Double Taxation TreatiesNo

All Belize International Business Companies are exempt from taxes.

Directors
Minimum Required Directors1
Local Director RequiredNo
Records PublicNo
Board Meeting LocationAnywhere in the World
Corporate Directors PermittedYes
Privacy - Publicly Available RecordsNo

There is a minimum requirement of one Director, of which may be the only shareholder. Directors can be either individuals or corporate bodies of any nationality and resident of any country.

Company Secretary
Secretary RequiredNo
Local or Qualified PositionNo
Share Capital
Standard Currency

Belize Dollar is the official currency

US Dollar is also commonly used

Permitted Share CurrencyAny
Minimum Paid Up Shares$1 USD
Usual Authorised$50,000 USD - Optional Amount
Bearer Shares PermittedYes
No Par Value Shares PermittedYes
Shareholders
Minimum Number Of Shareholders1 Shareholder
Corporate Shareholdes PermittedYes
Meeting LocationsCan be held anywhere in the world
Privacy - Publicly Available RecordsNo
Company Accounts
Requirements To PrepareYes
Audit RequiredNo
Keep Financial RecordsYes - Kept Anywhere in the world - presented on request
Requirement To File AccountsNo
Requirement to File Annual ReturnNo
Accounts Publicly AccessibleNo

All Belize International Business Companies are exempt from taxes.

Belize Facts
Location

British overseas territory

Located on the Caribbean Sea in mainland Central America

with Mexico to the North and Guatemala to the South and West

SizeApproximate area of 22,966 sq. km
PopulationApproximately 340,844
Languages SpokenMain and Official Language is English
CurrencyBelize Dollar (BZD), however the US Dollar use is widespread
PoliticsUnitary Parliamentary - Constitutional Monarchy
Economy

Main Industries:

Tourism

Offshore Finance Industries

Produce Export

Transport

Air

Road - Driving on the Right

Boat

Time Zone

CST UTC GMT −6

Belize does not utilize Daylight Saving Time

International Dialling Code+501
Internet TLD.bz

Contact us today to enquire about the Cost of Formation or if you have further questions regarding the application process.

Belize International Business Company (IBC) Formation Enquiry

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